Until you exercise that option, you are essentially just a renter.

I have been combing through the MLS looking for deals daily, but im unsure of how I would even fix up a property as I dont know of any builders out here, nor do I have a crew to get the work done.

After she retired, she took over the daily operations.  

In summary I see deals close virtually daily that I believe only work well with a lot of patience (more patience than I have).  

If more investors spend a fraction of the time and energy spent worrying about asset protection and do the things on a daily basis that prevents liability exposure, plaintiffs attorneys won’t eat as well. 

This seems mostly an academic exercise as lease rate and Cap Rate are largely set by the market.

Diving your businesses down daily like the titanic. 

Myself I had my title company pull every NOD in the MSA which was 4 counties 2.5 mil people. create a spread sheet and they would up date it daily as new NOD's came in.they would give me address  lien position  tax information and lien judgment search.. having our title plants digitized and off shore allows for this data to be gotten in a few clicks.. then when I got my short list I would give them that list about 48 hours before the sale and they would do a date down for me on those..

I also read daily and attend RE investor training courses regularly. 

It seems almost daily.